Bill > SB1566

This bill establishes the Humphreys County Water Authority, a public governmental body responsible for planning, acquiring, operating, and financing water and wastewater systems within Humphreys County and surrounding regions. The Authority will be governed by a five-member Board of Commissioners, with representation from the county and its cities, and will have broad powers including the ability to enter into contracts, incur debt, issue bonds and notes, and set rates for services. The Authority's operations and finances are intended to be self-supporting, and it will be exempt from most taxes and state regulatory oversight, though it will be subject to regulation by the Tennessee Board of Utility Regulation and the Department of Environment and Conservation. The bill also outlines the powers of Humphreys County and its cities to transfer their water and wastewater systems to the Authority and to issue joint obligations. Importantly, this act will only take effect if approved by a two-thirds vote of the Humphreys County legislative body.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1566&ga=114